UK construction & real estate industry sees a drop of 20.6% in deal activity in Q1 2019

1 May 2019 (Last Updated May 1st, 2019 08:05)

UK construction & real estate industry sees a drop of 20.6% in deal activity in Q1 2019

The UK construction & real estate industry saw a drop of 20.6% in overall deal activity during Q1 2019, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 50 deals worth $2.27bn were announced in Q1 2019, compared to the last four-quarter average of 63 deals.

M&A was the leading category in the quarter with 43 deals which accounted for 86% of all deals.

In second place was private equity with five deals, followed by venture financing with two transactions, respectively accounting for 10% and 4% of overall deal activity in the country’s construction & real estate industry during the quarter.

In terms of value of deals, M&A was the leading deal category in the UK construction & real estate industry with total deals worth $2.27bn, while private equity deals totalled $2.19m.

UK construction & real estate industry deals in Q1 2019: Top deals

The top five construction & real estate deals accounted for 83.3% of the overall value during Q1 2019.

The combined value of the top five construction & real estate industry deals stood at $1.89bn, against the overall value of $2.27bn recorded for the quarter. The top announced UK construction & real estate industry deal tracked by GlobalData in Q1 2019 was $511.37m merger of MedicX Fund and Primary Health Properties.

In second place was the $498.58m acquisition of Twinpeak Assets by Fabulous New Limited and in third place was DBS HoldCo’s $481.44m acquisition of Db Symmetry.

The $295.8m acquisition of Fortune Joy Ventures by Charm Reliance International, Delight Finance International and Leading Bright Investment and Green City Development’s acquisition of Precious Palace Enterprises for $101.47m held fourth and fifth positions, respectively.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.